This is a discussion on Trust/Greddy Japan files for bankruptcy within the News and Announcements forums, part of the Community - Meet other Enthusiasts category; Originally Posted by pzr2874
I understand none of you are wrinklesticks, but most of these companies can't be perfect ( ...

I understand none of you are wrinklesticks, but most of these companies can't be perfect ( trust me, I understand that ) I have had my issues from one company or another. I have been here and there, i'm not a newbie. Thank you for rectifying a bit w/me guys.

Banned from NASIOC, WOW..... that's a bit tough. lol

No worries, not every company can be perfect. And technically they weren't banned from NASIOC, but their contract for sponsorship expired and they weren't let back on. The vendor review thread for them on NASIOC keeps growing at 1,441 replies now.

This is a sign I need to pay more attention to the aftermarket. I had no idea they were doing poorly.

It's not just Greddy that's hurting right now. Just about every manufacturer, whether based in Japan, Germany, Australia, or even here in the US is feeling the pinch. It's not like certain products are going out of style either, just the sheer number of products being sold has gone down drastically. After all, with our economy in the state that it is today, the first place people are going to save money is not buying that new turbo or set of coilovers.

GReddy, an "independent" company (as far as income and tax reporting goes) then goes about selling these products and attempts to make a profit. In short, the product is marked up at least 30%...TWICE.

We dumba$$es in America who all "want what we can't have" then buy the product and keep them in business.

Problem was, the stuff is good quality and there's no reason NOT to buy it.

Since I have and STILL work inside this industry (have done so for 23 years), the simple truth is that people are doing less to their cars these days...and there's simply not enough mod-money floating around to keep every company booming.

In 2001, it was not uncommon to see people spend $20K + plus building a tuner car. Today, most people are doing tires, wheels, exhaust, ECU, a couple of gauges and that's about it.

Magazine advertising sales are in the toilet...two import drag racing series went belly up this year, several companies died (APC, Toucan...good riddens) and others merged. American Racing is making products in CHINA!!

Things are tough...to quote my favorite movie, "it's a giant $hit sandwich and we're all going to have to take a bite."

GReddy, an "independent" company (as far as income and tax reporting goes) then goes about selling these products and attempts to make a profit. In short, the product is marked up at least 30%...TWICE.

We dumba$$es in America who all "want what we can't have" then buy the product and keep them in business.

Problem was, the stuff is good quality and there's no reason NOT to buy it.

Since I have and STILL work inside this industry (have done so for 23 years), the simple truth is that people are doing less to their cars these days...and there's simply not enough mod-money floating around to keep every company booming.

In 2001, it was not uncommon to see people spend $20K + plus building a tuner car. Today, most people are doing tires, wheels, exhaust, ECU, a couple of gauges and that's about it.

Magazine advertising sales are in the toilet...two import drag racing series went belly up this year, several companies died (APC, Toucan...good riddens) and others merged. American Racing is making products in CHINA!!

Things are tough...to quote my favorite movie, "it's a giant $hit sandwich and we're all going to have to take a bite."

JIC operates this same way, and this is also how Cosworth is running things as the new Prodrive distributor for the US. Overall, you're right, and this is the key point here that you made:

the simple truth is that people are doing less to their cars these days...and there's simply not enough mod-money floating around to keep every company booming.

That is the bottom line. Yeah, I can get angry about knock-offs, businesses underselling products below MAP, etc...but the simply fact that people aren't buying anywhere as much as they used to overall is really the biggest problem facing the industry right now, and companies like Greddy who depend on this (and not coming up with anything truly innovative) are the ones hurting the most.

Today, most people are doing tires, wheels, exhaust, ECU, a couple of gauges and that's about it. ."

hell ya, are you kidding, im broke after making payments on the car, little stuff is whats the best for now, i cant afford anything because my job pays me jack, and i need to save up for everything. say i want a FMIC, honestly, i will look on ebay for a product, then i will look on the forum for a review of it and decide from there. if i cant find it good for cheap, ill buy it used. and buying a part used doesnt give the company that made it any money. just ebay or the state (taxes) and the seller.

It's not just Greddy that's hurting right now. Just about every manufacturer, whether based in Japan, Germany, Australia, or even here in the US is feeling the pinch. It's not like certain products are going out of style either, just the sheer number of products being sold has gone down drastically. After all, with our economy in the state that it is today, the first place people are going to save money is not buying that new turbo or set of coilovers.

+1.. This means prices of parts will be less for everyone who can afford them

+1.. This means prices of parts will be less for everyone who can afford them

Not necessarily. In fact, just about every company has been RAISING prices to recoup costs. Even Whiteline out of Australia raised their MSRP prices this month and cut dealer discounts. Things have just been going the opposite direction

Not necessarily. In fact, just about every company has been RAISING prices to recoup costs. Even Whiteline out of Australia raised their MSRP prices this month and cut dealer discounts. Things have just been going the opposite direction

+1. a friend of mine had bought a greddy fmic for his evo for 525$ about a year and a half ago and the price has doubled since then.

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